PepsiCo price target lowered to $150 from $170 at Evercore ISI
Evercore ISI lowered the firm's price target on PepsiCo to $150 from $170 and keeps an In Line rating on the shares. PepsiCo's "unsurprising" EPS guidance revision to the low-end of its EPS range sent the stock down about 3% after the company's earnings call, the analyst noted. While Pepsi blamed the impact of a weaker U.S. consumer in impulse channels due to higher gasoline prices, the firm believes "that's just part of the story," the analyst added.
Evercore ISI lowered the firm's price target on PepsiCo to $150 from $170 and keeps an In Line rating on the shares.
PepsiCo's "unsurprising" EPS guidance revision to the low-end of its EPS range sent the stock down about 3% after the company's earnings call, the analyst noted.
While Pepsi blamed the impact of a weaker U.S. consumer in impulse channels due to higher gasoline prices, the firm believes "that's just part of the story," the analyst added.